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NTPC REL and GACL to collaborate in Renewable Energy and synthesizing Green Chemicals

7/7/2022

Press Release - NTPC

In order to realize green energy and green hydrogen objectives and the GOI’s efforts towards carbon-neutrality economy, a Memorandum of Understanding (MoU) signed between NTPC RE Limited (NTPC REL) and Gujarat Alkalies and Chemicals Limited (GACL) on 6th July’2022 at New Delhi. The MoU was signed by Shri Harshad R Patel, IAS, Managing Director, GACL and Shri Mohit Bhargava, Chief Executive Officer, NTPC REL.

The MoU envisages to collaborate in the field of Renewable Energy, Green Methanol & Green Ammonia and mutually explore the opportunities for the supply of 100 MW RE-RTC (Round The Clock) power and synthesizing 75 TPD Green Methanol and 35 TPD Green Ammonia for captive use for production of various chemicals by GACL at its Vadodara and Dahej complex in Gujarat.

NTPC Limited, has been at the forefront of RE capacity development and has been credited for bringing the lowest ever solar tariff in the country. NTPC REL, a 100 % subsidiary of NTPC was incorporated in Oct’2020 to take care the RE business of NTPC. This development comes in the backdrop of NTPC announcing its Green Hydrogen initiatives and plan to build the country’s first pilot projects for synthesizing green Methanol, setting up Green Hydrogen filling station, Green hydrogen blending into PNG and Green energy storage project.

This would be the first commercial scale green Ammonia and Green Methanol project in the country and align with the vision laid out by the Hon’ble PM for Atmanirbhar Bharat.

NTPC is India’s largest Power Utility and its core business is generation with total installed capacity of 69 GW (including JVs and subsidiaries). As part of increasing its renewable energy portfolio, a fully owned subsidiary has been formed on 7th October 2020 known as “NTPC Renewable Energy Limited” (NTPC REL) which shall take up Renewable Energy Parks and Projects including business in the area of Green Hydrogen, Energy Storage Technologies and Round the Clock RE Power.

Gujarat Alkalies and Chemicals Limited (GACL), incorporated in Mar 1973, is a state-owned chemical manufacturing unit. GACL is one of the largest producers of Caustic Soda in India, with a production capacity of over 1400 TPD at their two complexes eg Dahej and Vadodara. GACL has also its subsidiary company viz. GACL-NALCO Alkalies and Chemicals Pvt. Ltd. (GNAL) putting up an 800 TPD Caustic Soda Plant together with 130 MW Thermal Power Plant (coal based) at Dahej.